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The information and opinions presented were prepared by Pier Capital, LLC (Pier) and are intended strictly for informational purposes only to sophisticated and knowledgeable investors.

Views expressed in this presentation are solely the opinions of the investment professionals at Pier and are subject to change at any time without notice. The information in these documents may not be reproduced in whole or in part without the express written permission from Pier. The external sources used in compiling of the information presented have been deemed reliable by Pier, however, we do not assume to reconfirm their absolute accuracy and limitations. Market data presented is provided by third party and Pier is not responsible for any errors or omissions in the data. Pier, as a Registered Investment Adviser, invests in many of the securities, security types, sector and/or industries discussed in the commentaries.

The information contained in commentaries/documents does not constitute investment advice or guidance. Additionally, it should not be utilized as the singular basis for investment decisions. While we maintain the views expressed in our financial commentaries, there is no guarantee that Pier’s investment strategies will achieve their stated investment objectives. Investing in securities involves the risk of loss that a prospective investor should be prepared to bear prior to investing. The volatility of benchmark indices and our various strategies can be materially different.